Trump Tariffs Could Be Growth Positive, Auth Says

Stephen Auth, Federated Hermes chief investment officer, says any higher tariffs under the incoming Donald Trump administration would be growth positive, not growth negative. He's on "Bloomberg Surveillance."
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[DanBurgaud]

Really?
Then please impose 1, 000% tariff and make it ULTRA GROWTH!

[benbarak]

Good god, is this guy investing other people's money?

[yosifmetodiev]

Slapping all your trading partners with tariffs, especially your geopolitical partners, is not chess.

[iEVROPA]

„All of this is stock market positive, particularly for large-cap value…“

Translation: rich people get richer, poor Trump voters get poorer.

I love it, they deserve it tbh ahahahaha

[covenant]

that's not how tariffs work...theyve never ever in all of history worked like that mr propagandist

[masterteacher]

Lies. Tariffs are no ones friend. The local USA small & conglomerate business owners have to pay more for the products, materials, parts, & components. Some materials & equipment is not available at all in the USA. The consumers always pays. Every item will be increased in stores/ with vendors.. to pay for the large amount of merchandise that will no longer be profitable.

[mindthegap]

This dudes playing "how much paste can I eat before they find out?"

[yarelichavezcamarena]

"Focus on the growth and not the inflation" bahahahahahah this is gonna be good
3D chess from a guy that named the WWE wresting CEO as the Sec of Education. Its funny and terrifying.

[glennnielsen]

If prices rise because of tariffs, won't the demand for the goods subject to tariffs fall? What then will be the effect on inflation?

[randypatungan]

If exports of a country strong it means they are strong and productive country

[Jimmyb]

Let’s be real here about these tariffs. Now, a few experts are saying that Americans won’t feel these tariffs until late next year. I say BULLSHIT. Here’s why. It takes approximately 30 days for oil to get from the ground to the gas pump. The price of oil varies from day to day. But we all know, as soon as the price of oil goes up, there is NO 30 day delay before we see the price rise at the pump. It is immediate which is why we see Big Oil with record high, outlandish profits. Now do you really think corporations like Walmart are going to delay raising their prices until the prices actually do go up? Hell NO. Within a week or two of orange hitler enacting his tariffs/poor tax corporations are going to raise their prices without delay. Corporations are going to rake in outlandish profits while enjoying another unnecessary tax cut at the expense of 80% of Americans. Corporations like Walmart are already doing calculations on how they can take advantage of these tariffs while blaming tariffs. Their Net Profits for 2025 will most likely be all the proof we need.

[chessdad]

More like a help mate in chess where you help get yourself checkmated. LOL.

[bobiel]

An old saying in China, "国虽大好战必亡“，“no matter how big an empire is, it will die if it focus on wars”.

[ChrisCrossingWires]

chess my ass trump cant play tic tac toe gtfoh

[Frank-bn]

Tariffs will work if applied to commercial and luxury products, these products are already significantly marked up. Having American make high end commercial and luxury products would create and great middle-class lifestyle. I would not recommend tariffing Walmart products and ordinary cars.

[Cereal.interface]

i really needed an expert to tell me not paying china means we dont have to pay china... tysm.

[HalfBreedcrow]

No kidding!!! that's why he's a billionaire and you're not 🤣

[GoldenEmperorManifest]

I guess someone needs to spell it out:

1. Raising tariffs will cost the consumer more upfront exclusively for imported products.
2. Demand will significantly rise for domestic production of the same products we used to import.
3. Jobs will be created to develop those products domestically.
4. US GDP will improve long term because of more domestic manufacturing.
5. US Citizens will have more money, long term, while sacrificing convenience short term.

Possible negative outcomes are trade wars but with the right adjustments and negotiation this can greatly be diminished as an overall risk.

Other policies and efficiency cuts will probably greatly improve our outcomes, even the deportation aspect as it will free entire neighborhoods worth of housing and build those up as emerging retail centers.

I hate to say this, but it may not be as bad as many of you are terrified it will be. It will be bad particularly if you're not a legal citizen, if you're expecting DEI initiatives to support you, if your primary business is based on foreign imports and particularly those from China.

I'll say this, I love China and I only hate this because I want to see them thrive right along with us. Hopefully they can come to the table and we can work out something that's mutually beneficial for the decades ahead. Something that doesn't weaken us or them in the process.

[MrTom-klhy]

Lowered Chinese production due to their restrictive pandemic response, was one of the biggest causes for the recent inflation spike. Higher import costs due to tariffs will have nearly the same effect.

[David-tpsr]

We went from Free Trade absolutists to claiming tariffs are growth positive. They can't be both true. For the world, free trade is pro growth. Protectionism makes supply chains less efficient, and comparative advantages are neglected. China is all of a sudden champions of globalisation! Shutting down the country to outside competition completely is not a recipe to redress competitivity or innovation. Shutting down immigration inflows adds up to the lack of competitivity and inflationary pressures.

A Nationalist Populist got himself elected with rhetoric, but can he make wise economic decisions?